Vident Advisory LLC Increases Holdings in Triple Flag Precious Metals Corp. $TFPM

Key Points

• Vident Advisory LLC increased its holdings in Triple Flag Precious Metals Corp by 95.1%, acquiring 22,486 additional shares and raising its total ownership to 46,136 shares valued at approximately $884,000.
• Triple Flag Precious Metals disclosed a quarterly dividend of $0.0575 per share, an increase from the previous dividend of $0.06, representing an annual yield of 0.9%.
• Analysts have assigned an average rating of "Moderate Buy" for TFPM, with a price target increase to $24.00, reflecting confidence in the company's performance and its recent earnings that surpassed estimates.

Vident Advisory LLC increased its holdings in shares of Triple Flag Precious Metals Corp. (NYSE:TFPM - Free Report) by 95.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,136 shares of the company's stock after purchasing an additional 22,486 shares during the period. Vident Advisory LLC's holdings in Triple Flag Precious Metals were worth $884,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TFPM. SVB Wealth LLC purchased a new position in Triple Flag Precious Metals in the 1st quarter valued at about $34,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Triple Flag Precious Metals in the 4th quarter valued at about $134,000. Quantbot Technologies LP boosted its position in Triple Flag Precious Metals by 1,258.9% in the 1st quarter. Quantbot Technologies LP now owns 9,390 shares of the company's stock valued at $180,000 after buying an additional 8,699 shares during the last quarter. Prospect Financial Group LLC purchased a new position in Triple Flag Precious Metals in the 1st quarter valued at about $217,000. Finally, Pinnacle Associates Ltd. purchased a new position in Triple Flag Precious Metals in the 1st quarter valued at about $239,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TFPM shares. Wall Street Zen cut shares of Triple Flag Precious Metals from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. CIBC reissued an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Tuesday, July 15th. BMO Capital Markets cut shares of Triple Flag Precious Metals from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 25th. Royal Bank Of Canada increased their price target on shares of Triple Flag Precious Metals from $19.00 to $23.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Triple Flag Precious Metals in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $24.00.

Triple Flag Precious Metals Stock Performance

Shares of TFPM stock opened at $26.95 on Friday. Triple Flag Precious Metals Corp. has a one year low of $14.51 and a one year high of $28.24. The company's 50-day simple moving average is $24.81 and its 200-day simple moving average is $22.08. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 1.20 and a beta of -0.19.

Triple Flag Precious Metals (NYSE:TFPM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. Triple Flag Precious Metals had a net margin of 53.11% and a return on equity of 8.81%. The business had revenue of $94.09 million for the quarter, compared to analysts' expectations of $82.76 million. As a group, research analysts forecast that Triple Flag Precious Metals Corp. will post 0.71 EPS for the current year.

Triple Flag Precious Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.0575 per share. This represents a $0.23 annualized dividend and a yield of 0.9%. This is a positive change from Triple Flag Precious Metals's previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, September 2nd. Triple Flag Precious Metals's dividend payout ratio (DPR) is currently 26.74%.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d'Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.

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